Australia: Ferro-Alloys Market 2024

Ferro-Alloys Market Size in Australia

The Australian ferro-alloys market shrank slightly to $X in 2022, leveling off at the previous year. In general, consumption saw resilient growth. Ferro-alloys consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Ferro-Alloys Production in Australia

In value terms, ferro-alloys production fell slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a remarkable increase. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

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Ferro-Alloys Exports

Exports from Australia

In 2022, shipments abroad of ferro-alloys decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports saw a abrupt downturn. The growth pace was the most rapid in 2020 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, ferro-alloys exports dropped rapidly to $X in 2022. In general, exports continue to indicate a sharp descent. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for ferro-alloys exports from Australia, accounting for a X% share of total exports. Moreover, ferro-alloys exports to the United States exceeded the volume sent to the second major destination, New Zealand (X tons), fourfold. Hong Kong SAR (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (X% per year) and Hong Kong SAR (X% per year).

In value terms, the United States ($X), New Zealand ($X) and Chile ($X) appeared to be the largest markets for ferro-alloys exported from Australia worldwide, with a combined X% share of total exports.

Chile, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average ferro-alloys export price amounted to $X per ton, remaining stable against the previous year. In general, the export price recorded a perceptible slump. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ferro-Alloys Imports

Imports into Australia

In 2022, the amount of ferro-alloys imported into Australia soared to X tons, picking up by X% compared with 2021. In general, total imports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, ferro-alloys imports surged to $X in 2022. Overall, imports enjoyed a noticeable increase. The growth pace was the most rapid in 2018 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

South Korea (X tons), South Africa (X tons) and Malaysia (X tons) were the main suppliers of ferro-alloys imports to Australia, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ferro-alloys suppliers to Australia were South Korea ($X), Malaysia ($X) and China ($X), with a combined X% share of total imports.

Among the main suppliers, Malaysia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ferro-alloys import price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform